Exchange Processing Details
- Exchange rates depend on both the timing of an order execution, and the amount of money to be exchanged
- Customers of Rietumu Bank may get a better exchange rate when the transaction amount exceeds 5000 Euro (or the equivalent thereof in another currency)
- Special conditions for exchange deals are negotiated by telephone with dealers. Such negotiations can be conducted from 09:00 to 17:00, and specifically for Russian Roubles from 09:00 to 16:00 local Riga time (GMT+2)
- All special deal conditions reached by telephone should be confirmed either with Rietumu ID and one-time password via Internet Banking or homebanking system, or by fax
- Processing of Foreign Currency Exchange orders takes place daily by 18.00 Riga time (GMT+2)
- A missing deal confirmation does not waive the obligations reached for deals with special conditions
- For deals with Russian Roubles, the transfer can be arranged with the same value date if the deal is concluded by 13:30 Riga time (GMT+2)
- Other conditions for Currency Exchange Transaction please refer to Section 11 of Terms and Conditions of Rietumu Banka and Customer Agreement.
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